135 Billion Landing! Hengli Enters The Field Of Coal Chemical Industry

Jun 16, 2020

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On June 12, Hengli Group signed an investment and cooperation agreement with Hengli (Yulin) Coal Chemical Integrated Industrial Base with Yulin City and Yushen Industrial Park in Shaanxi Province.

Hengli (Yulin) Coal Chemical Integrated Industrial Base plans to invest 135 billion yuan, focusing on the construction of Hengli (Yulin) Coal Chemical Industrial Park and Hengli (Yulin) New Textile Materials Industrial Park. For the first time in the industry, it will convert coal to olefins and aromatics. In-depth integration of fine chemical, PTA, polyester, chemical fiber and new textile materials processing to accelerate the implementation of "three transformations" in high-end energy and chemical bases in northern Shaanxi, helping Hengli Group form "from a piece of coal to a piece of cloth "A new pattern for the development of the entire industry chain.

Among them, the planned annual methanol production capacity is 12 million tons, and all are converted into downstream fine chemicals, polyesters and textile products locally, extending the Hengli industrial chain from "a drop of oil to a piece of cloth" to "a piece of coal to a piece of cloth." Realize the coal "eat dry squeeze net." This is of great significance to the creation of new industrial clusters, the construction of high-end energy and chemical bases in northern Shaanxi, and the protection of national energy security.

This is the seventh largest production base built by Hengli Group with high quality, which marks Hengli's active participation in the national energy revolution, deepening the implementation of the "Belt and Road" strategy, and the new era of the development of the western region. New roles and new actions.


Northwest and Southwest coal chemical layout


In December 19, the signing ceremony of the investment cooperation memorandum between the Guizhou Provincial People's Government and Jiangsu Hengli Group Co., Ltd. was held in Guiyang. Hengli Group plans to invest 26 billion yuan in Guizhou within three years.


It is understood that Hengli Group plans to invest in:

(1) Construct the regional headquarters of Hengli Group in Guiyang City and build the headquarters base of Hengli Group's trade, logistics and settlement in Guizhou and even the southwest region;

(2) Build Hengli New Textile Materials Industrial Park in Chishui City, Zunyi City, and build Hengli Group's high-end fiber new materials and high-end fabric production base in Guizhou Province;

(3) Give play to the advantages of enterprises in the fields of wine marketing and other fields to promote industrial transformation and upgrading, and participate in the upgrading and transformation of traditional advantageous industries in Guizhou;

(4) Conduct feasibility studies on investment in coal chemical projects in Guizhou.

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